actually we need to study the market trend and we must try to know about the indicators and and by this we need to know about the movement of the market
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actually we need to study the market trend and we must try to know about the indicators and and by this we need to know about the movement of the market
If you want to be a good trader then you should must know about the forex technical analysis basic. Its the hidden rules to success in forex trading market. So i also say that, its need to know about forex technical analysis.
Use the support and resistance, and good analytical and logic card, and then the appropriate strategy for the foreign currency used by a black person to learn technical analysis.
very nice thread for the biggneres to know some basics about the technical analysis, yes it give us the idea of the market's trend that in which way market will show trend today
technical analysis, must be done before we decided to enter the market. There are many factors that influence price movements and technical analysis is the first step. but also do not ignore the fundamental analysis, because the factors can also affect a lot of news when the effect is already happening.
Techncial analysis is basically based on the past historical prices and help us determine the trend, the support levels and the resistance levels so we can decide the direction of our trade and right target and stop loss.
dear i want to now the how Resistance and support helpful for us please explain about it and i am thanks full for the explain that question please
Resistance and support are levels where price is predicted to bounce back. If it isn't, that mean the current trend is strong. Some traders trade by placing buy order just above resistance point and sell order just below support. Others by placing buy after price bounce back from support and sell after it bounce back off resistance. There are many other strategy derived from the basic two, you can either search for them or devise it yourself.